Stories for August 27th 2004

Friday, August 27th 2004 - 21:00 UTC

Penguin News Update.

Headlines:
A short, snowy shock; Chief Executive responds to Forbes' agents; Illex 2005 forecast is discouraging; GCSE results arrive;Wedding holiday approved.

Friday, August 27th 2004 - 21:00 UTC

Brazilian bank warns about oil and inflation

If oil prices remain strong in world markets and inflation estimates for 2005 do not begin to fall, the Monetary Policy Committee of the Brazilian Central Bank will “adopt a more active monetary policy attitude”, that is the basic SELIC interest rate could further raise.

Friday, August 27th 2004 - 21:00 UTC

IMF-Argentina third review “delayed”

The International Monetary Fund, IMF, said Thursday that the third review of the 13 billion US dollar agreement with Argentina is “delayed” but not suspended since both sides continue negotiations in the framework of very cordial relations.

Friday, August 27th 2004 - 21:00 UTC

Pinochet stripped of immunity from prosecution

The Chilean Supreme Court cleared the way Thursday for former dictator Augusto Pinochet to be prosecuted for his role in the killing and torturing of thousands of leftists during his iron fisted rule (1973/1990), but it is still to be seen if the aging general suffering from “dementia” will eventually stand trial.